Biden administration to cancel student loan debt for at least 40,000 borrowers. SCOTUS strikes down Biden’s student loan relief plan
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Shit. Ain't 10k better than nothing? I'm sure this can provide relief to people. I wouldn't gave a fuck if he forgave it all. Glad for anyone it would help. I just want to see the comments from the BGOL cats with student loans. Is this good for you or not?
Here's the thing people have to remember. This country is filled with hateful, bitter ass, jealous bitches. Any more than 10k and a ton of people who paid already will bitch. People who didn't go to college will definitely hate.
True, I'll take it but truthfully 10k isn't going to do anything for my student loans which have ballooned to just under 100k
And keep in mind I went to community college and have been consistently making payments. I've even continued to make payments throughout the pandemic despite not having to.
Again I'll take it but with the interest rates as they are that 10k will be right back on my time like it never left
I'm hoping they're considering 10k for everyone and then a higher amount or total cancelation for individuals who earn less than 125k and/or didn't attend a major university (who charge significantly more) which they've suggested and is honestly fair.
A flat 10k for everyone IMO is political suicide in an election year where Democrats are already trending terribly.
Most of the people who would be pissed off at him issuing a more broad loan forgiveness bill/executive order were never going to vote for him anyway.
A flat 10k for everyone IMO is political suicide in an election year where Democrats are already trending terribly.
Most of the people who would be pissed off at him issuing a more broad loan forgiveness bill/executive order were never going to vote for him anyway.
There should be no means testing whatsoever as that is a way to do nothing.
Get it all canceled but the reality is that student debt is just something else that is endemic to the system and does very little to solve what really ails this nation.
It's better than zero, but Biden insists on trying to appease Republicans at the risk of his own base. Who in the fuck does he think is going to vote for him, with all this piece meal tip toe bullshit. $10K will just get ran back up in interest, since it takes most people a long time to pay them off.
Trump went full dumb on those tax cuts, and killing Blue State deductibles for the benefit of his base. Biden and his team are just piss poor.
Trump went full dumb on those tax cuts, and killing Blue State deductibles for the benefit of his base. Biden and his team are just piss poor.
Cancel all of it goddamn. Paying all these billions to foreign countries I want all my shit cancelled!
Looks like your ass didn't go to school. Also, if you did go to school, what about your contribution to society. All education, housing, water and food should be free. We do damn enough everyday to deserve that much. Now, your cars, clothing, and other amenities you should pay for yourself. Hell, even healthcare you can pay for yourself if your were given your birthright. And, if your going to argue, all the old philosophers talk about giving up your birthright to have a stable society. Well, if people weren't being dicks (rich people, property owners, etc.) then the world would be a lot easier place to live.Just here for the complaints.I think it should be zero. Pay for fucking debts.
Damn, they been hacked.
See. This is what I want to hear. Perspective from people with loans who are fighting through it right the fuck now. I have no fucking perspective on it because I ain't living it.True, I'll take it but truthfully 10k isn't going to do anything for my student loans which have ballooned to just under 100k
And keep in mind I went to community college and have been consistently making payments. I've even continued to make payments throughout the pandemic despite not having to.
Again I'll take it but with the interest rates as they are that 10k will be right back on my time like it never left
I am all for the 10k, 30k or all of it cancelled. But if people who living it say it ain't enough, who the fuck am I to argue? And if they say it's enough, who the fuck am I to argue? How does this change the lives of MOST people living it? People doing napkin math for others might not know the details. I sure don't.
That NAACP talking about the average is over 50k for black Americans 4 years out. What do folks in that position have to say? Hard to hear from the real people with all the shills and detractors rushing to their respective positions. BGOL cats in 100k cars will naturally say 10k is the shit. There is also a demo where Biden could cancel it all and they'd be like
"fuck Biden, what took so long!" I will say if we got $40 billion and change for fucking Ukranians, there should be 10 times that for Americans. Minimum. But that $40 billion just ain't on Biden. That's D.C. crooks coming together, so all of D.C. should be pushing to help those with student loans. Sadly, more Americans would hate on Americans getting major student loans relief than they are giving billions to fucking Ukranians.
To implement an income cap on a mere 10k relief is kinda horse shit. Typical Dem move where they try not to appease the base or make sound policy, but to do bare minimum in efforts not to piss off repugs. All in the backdrop of dropping $50 billion tax payer money to UKKKraine.
Congrats to those who will actually feel the relief in burden of the 10k tho. Most wont.
Congrats to those who will actually feel the relief in burden of the 10k tho. Most wont.
To be honest federal loan interest rates are a lot lower than private.True, I'll take it but truthfully 10k isn't going to do anything for my student loans which have ballooned to just under 100k
And keep in mind I went to community college and have been consistently making payments. I've even continued to make payments throughout the pandemic despite not having to.
Again I'll take it but with the interest rates as they are that 10k will be right back on my time like it never left
But he would rather drop all that money towards Ukraine. Biden is a dumbass
As someone with no student loans and getting jack shit from the government, I've never seen a more selfish group of people than current student loan holders. You WILLINGLY signed up for the loans and are turning up your noses at anything other than getting them fully paid off by everyone else lmao.
I wish I would get offered 10k off my debt.
I wish I would get offered 10k off my debt.
I was just about to post this.
I agree with this it should be free.
Health care, education and the legal system should be free in America. Period. We are the riches country in the world anything less is uncivilized.
The three most important systems (health care, education, criminal justice) to our freedom and prosperity as citizens treat us like customers. We are manipulated and exploited to extract the most profit out of us as possible. When you have things that are fundamental to our existence used to manipulate us there is no graciousness in easing the rules of war. You're hunting me and tell me you are gonna use .22 on me. Thanks.
The fact that we the people supposedly have the power yet we can't agree that we all want free health care? We don't all want free education? We don't all deserve equal representation in the legal system. The fact that this supposedly fair equitable system should mean we all should be only constrained by our will determination and ambition. If I come from a family that can't afford health care it doesn't matter if I'm the next Marcus Garvey I might die of asthma, or go to a school that teaches me nothing, or get abused by a legal system. Systems where your treatment is not based on you being a human being or a US citizen it's based on the amount of money you have. So now there is over a trillion dollars of debt held by private companies owed by American citizens based on a system that we created. A FAFSA system that starts with FREE but ain't nothing free about it.
The three most important systems (health care, education, criminal justice) to our freedom and prosperity as citizens treat us like customers. We are manipulated and exploited to extract the most profit out of us as possible. When you have things that are fundamental to our existence used to manipulate us there is no graciousness in easing the rules of war. You're hunting me and tell me you are gonna use .22 on me. Thanks.
The fact that we the people supposedly have the power yet we can't agree that we all want free health care? We don't all want free education? We don't all deserve equal representation in the legal system. The fact that this supposedly fair equitable system should mean we all should be only constrained by our will determination and ambition. If I come from a family that can't afford health care it doesn't matter if I'm the next Marcus Garvey I might die of asthma, or go to a school that teaches me nothing, or get abused by a legal system. Systems where your treatment is not based on you being a human being or a US citizen it's based on the amount of money you have. So now there is over a trillion dollars of debt held by private companies owed by American citizens based on a system that we created. A FAFSA system that starts with FREE but ain't nothing free about it.
The meat and potatoes:
"In addition to Make the Biden Administration’s October 2021 changes to the PSLF program permanent, the Simplifying and Strengthening PSLF Act would:
• Reduce the number of payments needed to qualify for PSLF loan forgiveness from 120 payments over 10 years to 60 payments over 5 years while working for an eligible employer;
• Allow any prior period of repayment to count as a qualifying payment, regardless of federal loan type, repayment plan, or whether payments were made in full or on time.
• Clarify eligibility of active duty military and Peace Corps volunteers whose loans were in deferment during their service tenure to expand participation in the program.
• Allow parent PLUS loan holders and couples who have previously joint-consolidated their FFEL federal loans to re-consolidate them into one Direct Loan for PSLF eligibility."
The meat and potatoes:
"In addition to Make the Biden Administration’s October 2021 changes to the PSLF program permanent, the Simplifying and Strengthening PSLF Act would:
• Reduce the number of payments needed to qualify for PSLF loan forgiveness from 120 payments over 10 years to 60 payments over 5 years while working for an eligible employer;
• Allow any prior period of repayment to count as a qualifying payment, regardless of federal loan type, repayment plan, or whether payments were made in full or on time.
• Clarify eligibility of active duty military and Peace Corps volunteers whose loans were in deferment during their service tenure to expand participation in the program.
• Allow parent PLUS loan holders and couples who have previously joint-consolidated their FFEL federal loans to re-consolidate them into one Direct Loan for PSLF eligibility."
There's some debate a out whether forgiving student debt is a fair thing and not just between Democrats and Republicans.
The basic argument against is that
1. The students willfully signed for the loans.
2. College grads make more money on average than non college grads.
3. Why not forgive everyone that has loans (car, business, etc)?
4. Many students didn't pursue the right degree, spend time partying or dropped out. Why should tax payers pay for their irresponsibility?
5. Others busted their asses to pay off the debt and now wouldn't benefit.
What are your thoughts?
The basic argument against is that
1. The students willfully signed for the loans.
2. College grads make more money on average than non college grads.
3. Why not forgive everyone that has loans (car, business, etc)?
4. Many students didn't pursue the right degree, spend time partying or dropped out. Why should tax payers pay for their irresponsibility?
5. Others busted their asses to pay off the debt and now wouldn't benefit.
What are your thoughts?
Is student loan forgiveness fair to those without college degrees? Americans remain divided over costs
Some Americans without college degrees said debt forgiveness is a handout. Others said student loan forgiveness is a good idea.
www.usatoday.com
The system needs to change before anything is done on debt forgiveness.
Nothing is gonna be accomplished if they forgive all loans today….and it repeats with debt building back up in 5 years from the people entering the system next year.
Nothing is gonna be accomplished if they forgive all loans today….and it repeats with debt building back up in 5 years from the people entering the system next year.
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